Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, what steps her Department is taking to encourage developers to purchase off-shore wind contracts.
The UK is home to the four largest operational offshore wind farms thanks to its successful Contracts for Difference (CfD) scheme. Following the publication of the last CfD allocation round outcome on 8 September, the Government held a roundtable with the offshore wind sector on 12 September to discuss the results. Officials are analysing the results as they build the evidence base for the next round, which will open in March 2024. The timeline for the round has been published on the CfD microsite. Core parameters will be published in mid-November. These will be informed by updated evidence and benchmarked against industry intelligence. The Government will publish its methodology note at the same time.